What Is HomePath®? HomePath® is the official foreclosure (REO) website for Fannie Mae. “HomePath” refers not only to the homes available for sale on the website, but also to a special loan program offered to eligible buyers for the purchase of Fannie Mae owned properties. Loan Program to Be Discontinued Fannie Mae recently announced that […]
Does Fannie Mae Own Your Client’s Loan?
Dear Short Sale Expeditor®: I’ve read that Fannie Mae and Freddie Mac are changing things all this time–not only with respect to short sales, but also in their guidelines for when short sale sellers can purchase again. That’s all well and good, but, how do I know if my client’s mortgage is owned by Fannie […]
Fannie Mae Rejects Short Sale for Seller with Job Loss
Fannie Mae Declines Short Sale The Recession might be almost over, but the frustration with short sales continues. Late in the short sale game, Fannie Mae (in its infinite wisdom) created an escalation desk. That’s the place you can go to complain about the servicer if you do not believe that the servicer is effectively […]
How to Conduct a Value Dispute on a Fannie Mae Short Sale
If you are a real estate agent working in the short sale world, then you have likely encountered a Fannie Mae short sale. A Fannie Mae short sale is a short sale transaction where the loan is serviced by a lender (such as Nationstar, Bank of America, or Wells Fargo) but the note is owned […]
President Obama Advocates End of Fannie Mae
End of Fannie Mae and Freddie Mac In his speech at Desert Vista High School in Arizona on August 6, 2013, President Obama addressed the accomplishments of his administration with respect to the housing crisis and he pushed for more action, including increased federal spending and new policies on access to credit for first-time homeowners. […]
Updates to the Fannie Mae HAFA Short Sale Program
If you are a seller that is selling his or her home as a short sale and your mortgage loan is owned by Fannie Mae (or if you are a short sale listing agent working on a short sale with a loan owned by Fannie Mae), then you should definitely read this update on the […]
Fannie Mae Announces Website Improvements
If you are an experienced short sale agent, then you know the patience that is often required in order to achieve success in a short sale transaction. Over the past several years, Short Sale Expeditor® has discussed many of the challenges facing agents negotiating short sales. Often times, these challenges included situations with Fannie Mae […]
Short Sale Approval | Understand Short Sale Negotiations
When we hear the word investor in a conversation about short sales, we often think of an investor who is purchasing a short sale either to retain as in investment or to use for immediate resale and profit. However, if you are working as a short sale listing agent and you are negotiating short sales, […]
Fannie Mae Short Sales | Price Fixing Scandal?
If you’ve been following the Internet lately, there are lots of conversations going on about changes at Fannie Mae. Many short sale agents have noted that the prices of Fannie Mae short sales and REOs seem to be slightly higher than market value. In fact, even savvy short sale negotiators sometimes have problems with valuation […]
New Short Sale Guidelines and Foreclosure Postponement
Effective November 1, 2012, the new Fannie Mae and Freddie Mac streamlined short sale guidelines are afoot. According to multiple news sources, these guidelines will help short sales move along much more quickly and efficiently—if the seller’s loan is owned by Fannie Mae or Freddie Mac. I’m sure you are wondering, “What do the new […]